Geothermal energy in the United States
Geothermal energy in the United States was first used for electric power production in 1960. The Geysers in Sonoma and Lake counties, California was developed into what is now the largest geothermal steam electrical plant in the world, at 1,517 megawatts.
Feed-in tariffs in the United Kingdom
A feed-in tariff (FIT) is paid by energy suppliers in the United Kingdom if a property or organisation generates their own electricity using technology such as solar panels or wind turbines and feeds any surplus back to the grid. The FIT scheme was imposed on suppliers by the UK government, and applied to…
Economy 7
Economy 7 is a differential tariff provided by United Kingdom electricity suppliers that uses base load generation to provide cheap off-peak electricity during the night. Houses using the Economy 7 tariff require a special electricity meter which provides two different readings - one for electricity used during the…
Power purchase agreement
A power purchase agreement (PPA), or electricity power agreement, is a long-term contract between an electricity generator and a customer, usually a utility, government or company. PPAs may last anywhere between 5 and 20 years, during which time the power purchaser buys energy at a pre-negotiated price.
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OVO Energy
OVO Energy is an energy supplier based in Bristol, England. It was founded by Stephen Fitzpatrick and began trading energy in September 2009, buying and selling electricity and gas to supply domestic properties throughout the UK. By June 2017, OVO had 680,000 customers, an increase of 10,000 over the previous year,…
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Solar panel
A solar panel is a device that converts sunlight into electricity by using multiple solar modules that consist of photovoltaic (PV) cells. PV cells are made of materials that produce excited electrons when exposed to light.